ETH 4-Hour Price Analysis

Within the 4-hour cycle, ETH initially surged to 2346.42 before sharply pulling back, with a low of 2218.86, currently oscillating around 2257. The candlestick chart shows a "downtrend - weak rebound" structure, with trading volume remaining subdued (MAVOL5/10 both below 90K), MACD forming a death cross with the green histogram continuing, KDJ lines entangled at low levels, and CCI approaching -90 without reaching oversold territory. From a technical perspective, short-term rebound momentum is insufficient; attention should be paid to the validity of the 2250 support: if broken, a likely test of the 2200 key support on the daily chart; if a rebound breaks through 2300, it could target the previous high area of 2320 - 2346.

ETH Daily Chart Analysis

On the daily cycle, ETH has fallen from the high of 2463.87, forming a "double top" pattern, currently consolidating around 2256. Price is trading below short-term moving averages, MACD has a death cross with increasing green histogram, KDJ is near oversold levels (J value 8.28), and CCI has dropped to -103.87, approaching oversold. Trading volume has significantly shrunk compared to previous highs, indicating some easing of selling pressure, but no bullish reversal signals have appeared. The key support on the daily chart is 2200 (if broken effectively, it may test 2173 or lower); resistance is in the 2300 - 2320 range, requiring volume breakout to reverse the downward trend.

Overall Conclusion

In the short term (4-hour), ETH is in a weak oscillation with limited rebound strength; the daily trend remains bearish, with focus on whether 2200 support and 2300 resistance can be broken. In terms of trading strategy, treat the range cautiously: a light short position can be taken if breaking below 2200; attempt shorting near 2300 resistance if a rebound occurs; consider going long only after breaking above 2320.